Asia Information Security Community Blog – Risk & Cybersecurity

The colors of blockchain

I am writing next article about explaining blockchain to my wife , continuing last one published on TechInAsia and Medium -blockchain. Here is a prelude quoted from “RISKS AND OPPORTUNITIES FOR SYSTEMS USING BLOCKCHAIN AND SMART CONTRACTS”

“Traditionally, these transactions are supported by trustedthird-parties such as government agencies, banks, legal firms, accounting firms and service providers in specific industries. Blockchains provide a different way to support these transactions. Instead of trusting3rd parties, we would trust a majority of the collective. ”